Basic Account

Asset = ______ + Owner's Equity + Revenue __ Expense

• Credit, (x)

• Liability, (-)

• Liability, (+)

• Debit, (+)

Classification for every item into Debit:

Asset , Revenues , Expense , Liability , Owner's Equity

• Revenues, Asset

• Liability, Owners Equity, Revenue

• Expense, Asset, Revenue

• Asset, Expense

Asset - _____ = Liability + Owners Equity - _______

• Expense, Revenue

• (-)Revenue, (-)Expense

• Expense, (+)Revenue

• Revenue, Expense

Credit have ______, Revenues & _________

• Asset, Expense

• Liability, Expense

• Owners Equity, Liability

• Owners Equity, Asset

Debit should not have except,

• Expense

• Revenues

• Liability

• Owners Equity

Sales is example for Owners Equity?

• True

• False

Hamid bought a cash into company. The cash will classification as _______ & _______.

• Debit, Asset

• Credit, Asset

• Credit, Owners Equity

• Debit, Revenue

Insurance & Vehicle is

• Debit

• Credit

Purchase of Office Equipment are Debit & Expense

• False

• True

Paid Shop Assistant's Salary is

• Revenue

• Liability

• Expense

• Asset